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| Section | Weight | Objectives |
|---|
| Topic 1: Law of Contract | 12% | - Formation of contract
- 1. Offer, acceptance, consideration, intention
- 2. Terms, breach, remedies, privity
|
| Topic 2: English Legal System and Basic Concepts | 10% | - Nature and sources of law
- 1. Common law, statute law, EU law
- 2. Legal persons and capacity
|
| Topic 3: Law of Agency | 8% | - Authority, duties, rights and liabilities
- 1. Agent-principal relationship in insurance
|
| Topic 4: Legislation and Regulation | 14% | - Consumer protection, data protection, FCA/PRA rules
- 1. Insurance regulatory framework
|
| Topic 5: Formation of Insurance Contracts | 18% | - Utmost good faith, disclosure, representation
- 1. Insurable interest, indemnity, subrogation
|
| Topic 6: Law of Torts | 8% | - Principles of tort liability
- 1. Negligence, nuisance, strict liability
|
| Topic 7: Terms and Interpretation of Insurance Contracts | 16% | - Conditions, warranties, exceptions
- 1. Vitiating factors, construction of terms
|
| Topic 8: Claims and Loss Settlement | 14% | - Notification, proof of loss, measure of indemnity
- 1. Subrogation, contribution, proximate cause
|
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CII Insurance law (IL) Exam Sample Questions (Q119-Q124):
NEW QUESTION # 119
A riot results in a shop being damaged and the shopowner's insurer settling the claim. A subrogation right enabling the insurer to sue the police authority arises under
- A. a condition subsequent to liability.
- B. a condition precedent to liability.
- C. tort.
- D. statute.
Answer: D
NEW QUESTION # 120
The principle of subrogation prevents a policyholder from profiting from
- A. submitting a full claim recovery under more than one insurance policy.
- B. claiming under both his insurance policy and against any negligent third party.
- C. retaining salvaged property.
- D. assigning abandonment rights to the insurer.
Answer: B
NEW QUESTION # 121
A breach of warranty under the general law of contract legally entitles an injured party to
- A. obtain specific performance.
- B. avoid the contract from the date of the breach.
- C. avoid the contract ab initio.
- D. claim damages.
Answer: D
NEW QUESTION # 122
An employee suffered a minor injury lo his arm at work, due to a breach of duty by his employer. The medical treatment he received at hospital was negligent and caused his minor injury to deteriorate to the extent that his arm had to be amputated. To what extent, if at all, is the employer liable?
- A. The employer will not be liable for the employee's injuries at all
- B. The employer will be held strictly liable for the full extent of the employee's injuries
- C. The employer will not be held liable for the unforeseeable extent of the employee's injuries
- D. The employer and the hospital will split liability on an equal basis
Answer: B
NEW QUESTION # 123
Which of the following is a feature of an insurance contract under the principle of "utmost good faith"?
- A. The insurer must pay all claims, regardless of the terms of the policy.
- B. Both parties must agree on the premium amount in advance.
- C. The insured must disclose all material facts relevant to the risk.
- D. The insurer must be transparent about the terms of the policy.
Answer: C
Explanation:
Under the principle of utmost good faith (also known as "uberrimae fidei"), the insured must disclose all material facts to the insurer that could affect the insurer's decision to provide coverage or the terms of the policy.
NEW QUESTION # 124
......
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